Many a time generating ideas aren’t the biggest fish to fry in business. The most maddening part commences when you rush around with pen and paper to draft it in words. Also, when your mind becomes an idea-developing machine, plucking the right one from the garden of hundreds is equally tough.
So what to do when you cannot assert your business idea? The young trader, Sahil Ali illustrates the foremost things to check while pitching your business ideas to your sponsors or investor. As convincing these people will decide the fate of your idea.
Though there is a myriad of things to keep in mind while drafting the pitch. Nevertheless, according to Sahil, your plausible explanation to these three questions will conclude your whole business idea.
• What is your product?
• Who is your target audience?
• What are your goals?
Putting his thoughts to the first one, Sahil says to be precise and very real while pitching about the product. The product or service is the face of your idea and the heart of your business. It should be unique enough to convince not only the investors but also the future market.
Talking about the futures market which is also the target audience, Sahil quotes on the next question by asking to have a thorough knowledge of your target market. As they are the market your business will cater to, the investors become very vigilant when you underline them. Therefore, state them accurately.
Sahil also asks to explain the target group, doing this will give an insight of your plan not only to the investors but also make your mind crystalline.
“Address only realistic goals of your business and don’t bluff,” says Sahil Ali to the last question. Several times, while discussing their future objectives, people exaggerate them. Making the investors entangled enough to trust them. Therefore, purpose the missions that can be achieved.
Sahil Ali is into forex trading and has a prominent name there. His business Costafx Technologies Pvt. Ltd., is one of the leading platforms for forex trades allowing him to create a client base of more than 12 crores. Whit his sheer dedication and right insights, Sahil today stands at the cliff of success.